what's binance futures?

Binance Futures is a derivatives trading platform operated by Binance, one of the largest cryptocurrency exchanges. It enables users to trade perpetual and delivery futures contracts on a wide range of cryptocurrencies, using leverage to amplify positions. Traders can go long or short on assets like Bitcoin and Ethereum without owning the underlying tokens, with options for USDT-margined or coin-margined contracts. The platform supports advanced trading tools, including customizable leverage up to 125x on select pairs, real-time charts, and order types such as stop-loss and take-profit. Funding rates ensure price alignment between futures and spot markets, while features like position modes (one-way or hedge) allow flexible strategies. Binance Futures integrates seamlessly with the broader Binance ecosystem, providing access to deep liquidity and 24/7 trading. Security and risk management are prioritized through features like mark price liquidation to prevent manipulation and tiered margin requirements based on position size. It caters to both retail and institutional traders, with API support for algorithmic trading and portfolio margining options.

Binance Futures lists TSLAUSDT perpetual contract on 2026-01-28.